It has been a long time since we had good news from the newspaper industry. But thanks to today’s upbeat figures from Gannett (NYSE:GCI), the industry is surging. Lee Enterprises (NYSE:LEE) has taken the lead.
As traditional print media continues its steep declines in advertising sales and circulation, publishers are struggling to come up with new and creative ways to generate revenue.
Chris Weber: don’t bet your retirement on stocks right now DailyWealth
Porter Stansberry explains the forces behind the current rally The Daily Crux
America is running out of rope The Market Ticker
The world financial system’s Achilles’ heel The Daily Reckoning
Roubini on a U shaped recovery Naked Capitalism
Larry Flynt calls for a national strike The Huffington Post
Look for an X shaped recovery Real Clear Markets
The risk of double dip recession rising Financial Times
Bellwethers Report Disappointing Earnings; Morgan Stanley on the Hunt for Regional Banks; NYT Reports Loss; Pentagon Computers Hacked; FDIC Ready to Replace Pandit; TARP Faces Fraud; Financial Institutions Lost $4.1 trillion; India Cuts Rates
Sources: GM May Drop Pontiac, GMC Brands; Rosetta Stone IPO Soars; Turkey Benchmark Rate at Record Low; Zurich Financial Buys AIG’s Auto Insurance Unit; NYT Will Cut Content; Canadian Factory Orders Rise; Copper Falls on China GDP; Falling U.S. Homestarts; Bankruptcy “Cram Down” Bill Falters in Senate
The much-vaunted stimulus bill has turned out to be a nauseating, pork-laden mess. Score one for the cynics as President Obama’s credibility takes a hard and early hit.
President Barack Obama’s $825 billion stimulus plan heads to the floor of the House of Representatives this week, with House Minority Leader John A. Boehner, R-Ohio, saying many in his party will vote against the package unless significant changes are made.
Borders Ousts CEO; Front Page Ads in New York Times; Steve Jobs Speaks, Apple Soars; U.K. Short Selling Ban Ending; Whitman’s Future; Oil Rises on MidEast Violence; Russia Cuts Gas Supplies to Europe
Times are tough. But they are not so bad that we should abandon the quest for profits, says Louis Basenese. Buying US Treasury bonds with zero yields is idiotic. Louis gives six alternative investment options with big profit potential.
Slim Bites Into Big Apple Daily; Campbell’s Earnings Mmm, Mmm Good; King’s Alpharma Bid Heats Up; Conflicting Crude Trader Findings; WSJ: BAC to Buy Lehman; Bristol Doesn’t Budge; Sun Setting on Sunrise; Deutsche Bank Ready to Compete for Postbank